Sec. 2054.153. MEMBERSHIP IN TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION. (a) In this section, "association" means the Texas Property and Casualty Insurance Guaranty Association.
(b) The company is:
(1) a member of and protected by the association; and
(2) subject to assessment under Chapter 462.
(c) Notwithstanding Subsection (b), the company is liable only for an assessment by the association regarding a claim with a date of injury occurring on or after January 1, 2000, and the association, with respect to an insolvency of the company, is liable only for a claim with a date of injury occurring on or after that date.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter D. Operation of Company; Financial Administration
Section 2054.151. Purposes of Company
Section 2054.152. Payment of Taxes, Fees, and Other Charges
Section 2054.153. Membership in Texas Property and Casualty Insurance Guaranty Association
Section 2054.154. Company Assets; State Liability
Section 2054.155. Required Reserves